5702 W Atlantic Place

at Keller Williams Integrity

Comparative Market Analysis

5702 West Atlantic Place, Lakewood, Colorado 80227

Julia Kulp

Rachel Schoonover Keller Williams Integrity

This week the median list price for Lakewood, CO is $664,500 with the market action index hovering around 50

This is less than last month's market action index of 53.

Inventory has decreased to 221

Marke

This answers “How’s

Buyer's

Market?”

rate of sales

Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller ’s Market (where significant demand leaves little inventory available) If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer ’s zone, watch for downward pressure on prices

Marke t Segme n

Each segment below represents

Lakewood, CO

Re al-Time Marke t Profile

Median List Price $664,500

Median Price of New Listings $662,450

Per Square Foot $285

Average Days on Market 46

Median Days on Market 35

Price Decreased 57%

Price Increased 1% Relisted 7% Inventory 221 Median Rent $2,500 Market Action 50

Strong Seller's Market

25% of the market ordered by price.

Me d ian List Price

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

$500K

7-Day Average 90-Day Average

Segme n ts

Prices at the upper end of the market have been showing weakness. While there is enough demand in the low end (Quartiles 3 and 4) to keep prices flat, unless there is a persistent up-shift in the Market Action Index, the entire market may resume a down trend soon.

90-Day

90-Day

90-Day

Price Pe r Square Foot

The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.

$200

7-Day Average 90-Day Average

I n ve n tory

Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.

7-Day Average 90-Day Average

Marke t Act ion I n d e x

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller ’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer ’s zone, watch for downward pressure on prices.

60

20

Oct

7-Day Average 90-Day Average

Marke t Act ion Segme n ts

Not surprisingly, all segments in the market are showing high levels of demand. Watch the quartiles for changes before the whole market changes. Often one end of the market (e.g. the high-end) will weaken before the rest of the market and signal a slowdown for the whole group.

Oct

Top 90-Day Upper 90-Day Lower 90-Day Bottom 90-Day

Me d ian Days on Marke t (DO M)

The properties have been on the market for an average of 34 days. Half of the listings have come newly on the market in the past 24 or so days. Watch the 90-day DOM trend for signals of a changing market.

Oct

Segme n ts

7-Day Average 90-Day Average

It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.

Top 90-Day

90-Day

90-Day

90-Day

OWNER INFORMATION

Owner Name Kulp Jerry

$149,000

CONDO

Mailing Zip 80123

Owner Name 2 Kulp Julia Mailing ZIP 4 2354

Mailing Address 8862 W Ida Pl Mailing Carrier Route C024

Mailing City & State Littleton, CO Owner Occupied No

LOCATION INFORMATION

Property Zip 80227 Census Tract 119 51

Property Zip4 2535 Neighborhood Code Hutchinson/Lakewood 3Ests/Sunpo 908

Property Carrier Route C009

Neighborhood Name (OnBoard) Harvey Park School District Jefferson County R 1 Township 04

Elementary School Lasley Range 69

Middle School Alameda Int'l Section 25 High School Alameda Block 21 Subdivision Sunpointe At Lakewood Estate Co ndos #ii Ph 4 Lot 101

TAX INFORMATION

PIN 403410

Alternate PIN 49

Schedule Number 403410

Legal Description

% Improved 81%

Tax District 7015

ASSESSMENT &

Assessment Year 2021 2020 2019

Market Value Land $60,000 $60,000 $60,000

Market Value Improved $249,411 $281,195 $281,195

Market Value Total $309,411 $341,195 $341,195

Assessed Value Land $4,290 $4,290 $4,290

Assessed Value Improved $17,833 $20,105 $20,105

Assessed Value Total $22,123 $24,395 $24,395

YOY Assessed Change (%) 9 31% 0%

YOY Assessed Change ($) $2,272 $0

Tax

2019

Change

Change

1.29%

-$202 -9 01%

Sq

MLS:

Sq

# Buildings

Bedrooms

Baths Total 3

FEATURES

Quality

Other Impvs Tennis Court, Cabana

Feature Type Size/Qty

Enclosed Porch 160

Attached Garage 400

Basement Total 880

First Floor 889

Second Floor 751

SELL SCORE

Rating High Value As Of 2022 09 25 04:33:10 Sell Score 734

LISTING INFORMATION

MLS Listing Id 966348

MLS Close Price $149,000

MLS Days On Market 74 MLS Listing Contract Date 02/03/2011

MLS Source REcolorado

MLS Close Date 05/31/2011

MLS Status Closed MLS List Office Name GREAT WAY RE EXCLUSIVE PRO P

MLS Status Change Date 06/02/2011

MLS Current Price $155,250

MLS Original List Price $172,500

MLS List Agent Full Name 021526 Luke Michael Beard

MLS Buyer Agent Full Name 001764-James Tedesco

MLS Buyer Office Name ERA HERMAN GROUP

MLS Listing # 907270 868546

MLS Source History REcolorado REcolorado

MLS Status Expired Withdrawn

MLS Listing Price $157,000 $169,000

MLS Orig Listing Price $200,000 $200,000

MLS Listing Close Price $0 $0

MLS Listing Date 04/01/2010 04/01/2010

MLS Listing Expiration Date 10/31/2010

LAST MARKET SALE & SALES HISTORY

Sale Date

Tax: 05/12/2005 MLS: 05/31/2011 Deed Type Warranty Deed

Sale Price $195,000 Owner Name Kulp Jerry Price per SqFt Finished $118.90

Owner Name 2 Kulp Julia

Document Number 19678 Seller Phipps Michael B

Sale Date 05/31/2011 12/16/2010 05/12/2005 08/11/1989

Sale Price $175,934 $195,000 $92,000

Nominal Y

Buyer Kulp Jerry & Fella Hud Housing Of Urban Dev Krzystek Donna C Phipps Michael B

Buyer Kulp Fella

Seller Hud Housing Of Urban Dev Krzystek Donna C Phipps Michael B Hollenbeck & Co

Document Number 52704 3487 19678 89070300

Document Type Special Warranty Deed Deed In Lieu Of Foreclosure Warranty Deed Warranty Deed

Title Company American Land Title Land Title Guarantee

MORTGAGE HISTORY

Mortgage Date 11/14/2017 06/01/2011 05/17/2005 08/16/1989

Mortgage Amount $138,000 $119,200 $189,150 $92,000

Mortgage Lender Wells Fargo Bk Na Wells Fargo Bk Na Colonial Nat'l Mtg Capitol Fed'l S&L

Borrower

Kulp Jerry Kulp Jerry Krzystek Donna C Phipps Michael B

Borrower Kulp Julia Kulp Fella

Mortgage Type Conventional Conventional Fha Conventional

Mortgage Purpose Refi Resale Resale Resale

Mortgage Int Rate 5.75

Mortgage Int Rate Type Fixed Rate Loan

Mortgage Term 30 30 30

Mortgage Term Years Years Years

Title Company Land Title Guarantee

FORECLOSURE HISTORY

Document Type

Release Of Lis Pendens/Notice

Notice Of Trustee's Sale

Foreclosure Filing Date 09/22/2010

Recording Date 01/06/2011 10/05/2010

Document Number 1879 87744

Final Judgment Amount $175,935

Original Doc Date 10/05/2010 05/17/2005

Original Document Number 87744 19679

Online Valuation Analysis

Zestimates varied up to 4.4% or $21,400 compared to actual MLS prices.

A

ADDRESS PRICE ZESTIMATE DIFFERENCE

5765 W Atlantic Place 303 $349,000 $344,798 1 2%

5755 W Atlantic Place 104 $384,000 $383,113 -0.2%

5768 W Asbury Place $499,000 $502,900 0.8%

ADDRESS PRICE ZESTIMATE DIFFERENCE

5844 W Atlantic Place $415,000 $415,000 00%

ADDRESS SOLD DATE SOLD PRICE ZESTIMATE DIFFERENCE

5755 W Atlantic Place 203 9/1/22 $345,000 $346,100 0.3%

5882 W Asbury Place 8/8/22 $475,000 $478,000 0 6%

5897 W Atlantic Place 9/27/22 $487,000 $508,400 4.4%

Source: Zillow

Rachel Schoonover

Williams Integrity

Map of Comparable Listings

1

2 4569222

9906320

2453052

3730505

STATUS:

BEDS BATHS

3 2.00 1,640

CLOSED

PRICE

2 2.00 1,048 $349,000

2 2.00 1,048 $384,000

300 2,248 $499,000

2 300 1,513 $415,000

2 2.00 1,048 $345,000

300 1,791 $475,000

4.00 2,097 $487,000

Rachel

Features

Appliances: Dishwasher, Dryer, Microwave, Oven, Range, Washer

Association Amenities: Pool Association Fee Frequency: Monthly

Association Fee Includes: Insurance, Maintenance Grounds, Maintenance Structure, Sewer, Snow Removal, Trash, Water

Association Name: HOAMCO - Sunpointe 1

Association Phone: (303) 280-0474

Association Yn: true

Details

Prop Type: Condominium

County: Jefferson

Subdivision: Sunpointe

Full baths: 2.0

Lot Size (sqft):

Building Area Source: Public Records

Common Walls: End Unit, No One Above Construction Materials: Frame, Wood Siding

Cooling: Central Air

Exterior Features: Balcony Fireplace Features: Great Room

Fireplaces Total: 1

Heating: Forced Air

Interior Features: Ceiling Fan(s), Eat-in Kitchen, Open Floorplan, Vaulted Ceiling(s)

Laundry Features: In Unit

5765 W Atlantic Place 303

Levels: One

Listing Terms: Cash, Conventional

Living Area Total: 1048

Main Level Bathrooms: 2

Main Level Bedrooms: 2

Parking Features: Asphalt, Concrete

Parking Total: 2

Patio And Porch: Covered, Deck

Roof: Composition

Senior Community Yn: false

Sewer: Public Sewer

Structure Type: Low Rise (1-3)

Tax Legal Description: SECTION 25 TOWNSHIP 04 RANGE 69 QTR NE SUBDIVISIONCD 730360 SUBDIVISIONNAME SUNPOINTE AT LAKEWOOD EST CONDOS #I PH 5 BLOCK 008 LOT 0303 TRACT

Tax Year: 2021 View: Mountain(s)

Water Source: Public

Garages: 1

List date: 9/4/22

Updated: Sep 24, 2022 1:08 PM

List Price: $349,000

Orig list price: $375,000

Assoc Fee: $374

Taxes: $1,662

School District: Jefferson County R-1

High: Alameda Int'l Middle: Alameda Int'l Elementary: Lasley

Rachel

Remarks

Penthouse!! End unit. Living/dining area boasts a wood-burning fireplace, vaulted ceilings, ceiling fan, wood-style laminate flooring. Eat-in kitchen has loads of cabinets & counter space, new refrigerator, tile flooring & a bar height countertop. Master bedroom has en-suite full-size bath, can fit a king-size bed, vaulted ceilings, 2 walls of closets, & opens to a private balcony. The 2nd bedroom has en-suite full-size bath, several closets & opens to a private balcony with Mountain Views!. Patios outside each bedroom have locked storage closets. Unit includes : new vinyl windows thru - out with lifetime warranty, washer and dryer, wood burning fire place, swimming pool access, fire pit patio access and fully enclosed garage as well as one uncovered parking space. Take advantage of entertaining your friends and family at the community patio with fire pit and community swimming pool.

* Close to shopping, restaurants, public transit, Harvey Park, Sanderson Gulch Trail, and Clairfield Reservoir

Rachel Schoonover

Williams Integrity

Rachel Schoonover

Keller Williams Integrity

Features

Appliances: Dishwasher, Disposal, Dryer, Oven, Refrigerator, Washer

Association Fee Frequency: Monthly Association Name: HOAMCO - Sunpointe Association Phone: 719-368-4479

Association Yn: true

Building Area Source: Public Records

Construction Materials: Vinyl Siding

Cooling: Other

Exterior Features: Fire Pit

Heating: Forced Air

Laundry Features: In Unit Levels: One

Listing Terms: Cash, Conventional, FHA, VA Loan

Living Area Total: 1048

Main Level Bathrooms: 2

5755 W Atlantic Place 104

Main Level Bedrooms: 2

Parking Total: 2

Patio And Porch: Covered, Patio

Pool Features: Outdoor Pool Property Condition: Updated/Remodeled Roof: Composition Senior Community Yn: false

Sewer: Public Sewer Structure Type: Townhouse

Tax Legal Description: SECTION 25 TOWNSHIP 04 RANGE 69 QTR N2 SUBDIVISIONCD 730200

SUBDIVISIONNAME SUNPOINTE AT LAKEWOOD EST CONDOS #I PH 2 BLOCK 009 LOT 0104 TRACT

Tax Year: 2021

Water Source: Public

Details

Prop Type: Condominium

County: Jefferson Subdivision: Sunpointe At Lakewood Estate Condos #i Ph 2

Full baths: 2.0

Remarks

Lot Size (sqft):

Garages: 1

List date: 8/24/22

Updated: Sep 30, 2022 1:37 AM

List Price: $384,000

Orig list price: $405,000

Assoc Fee: $375 Taxes: $1,547

School District: Jefferson County R-1

High: Jefferson Middle: Alameda Int'l Elementary: Lasley

This beautifully remodeled 2 bed 2 bath, garden level condominium located at 5755 W Atlantic Pl #104 is sharp! 1,048 Sq Ft, all new furnace, hot water heater, GE stainless steel appliances, waterproof luxury vinyl plank flooring, carpet

Rachel Schoonover

Williams Integrity

in both bedrooms, paint throughout, bathroom tile, vanities in both bathrooms, childproof receptacles, switches, and lighting fixtures. All plumbing or electrical fixtures were replaced with premium brands where possible (American Standard, Pfister, etc). Large living room, kitchen with breakfast countertop, large bedrooms with spacious closets, and patios outside each bedroom have locked storage closets (larger bedroom has a pull-across privacy screen). Unit includes; washer & dryer, wood burning fire place, swimming pool access, fire pit patio access and fully enclosed garage as well as one uncovered parking space. Close to shopping, restaurants, public transit, Clairfield Reservoir, Harvey Park, Sanderson Gulch Trail, and minutes away from Bear Creek Greenbelt. Denison Montessori, Lasley Elementary, Force Elementary, & Doull Elementary School are nearby schools. Contact us to set a viewing today!

Rachel Schoonover

Williams Integrity

Rachel Schoonover

Keller Williams Integrity

Features

Appliances: Dishwasher, Disposal, Dryer, Gas Water Heater, Microwave, Oven, Range, Washer

Association Amenities: Pool, Spa/Hot Tub, Tennis Court(s)

Association Fee Frequency: Monthly

Association Fee Includes: Insurance, Maintenance Grounds, Maintenance Structure, Recycling, Sewer, Snow Removal, Trash, Water

Association Name: Sunpointe II

Association Phone: 303-984 4926

Association Yn: true Basement: Finished, Full

Below Grade Unfinished Area: 1180

Building Area Source: Public Records

Construction Materials: Frame, Wood Siding Cooling: Central Air

Entry Level: 1

Entry Location: Exterior Access

Exterior Features: Spa/Hot Tub, Tennis Court(s)

Fireplace Features: Gas, Gas Log

Fireplaces Total: 1

Flooring: Carpet, Laminate, Wood

Foundation Details: Slab

Heating: Forced Air

Interior Features: Ceiling Fan(s), Eat-in Kitchen, Granite Counters, Open Floorplan, Pantry, Smoke Free, Vaulted Ceiling(s)

5768 W Asbury Place

Levels: One

Listing Terms: 1031 Exchange, Cash, Conventional, FHA, VA Loan

Living Area Total: 2248

Main Level Bathrooms: 2

Main Level Bedrooms: 2

Parking Features: Concrete, Dry Walled Parking Total: 2

Patio And Porch: Covered, Deck, Front Porch

Pool Features: Private Property Condition: Updated/Remodeled Roof: Composition

Security Features: Smoke Detector(s)

Senior Community Yn: false

Sewer: Public Sewer Structure Type: Townhouse

Tax Legal Description:

SECTION 25 TOWNSHIP 04 RANGE 69 SUBDIVISIONCD 731110 SUBDIVISIONNAME SUNPOINTE AT LAKEWOOD EST CONDOS #II PH 12 BLOCK 037 LOT 0103 TRACT

Tax Year: 2021 Utilities: Cable Available, Electricity Connected, Natural Gas Available, Natural Gas Connected

Water Source: Public Window Features: Double Pane Windows, Skylight(s), Window Treatments

Details

Prop Type: Condominium County: Jefferson

Rachel Schoonover Keller Williams Integrity

Subdivision: Sunpointe Full baths: 2.0

3/4 Baths: 1 0

Lot Size (sqft): 1,525

Garages: 2

List date: 9/28/22

Updated: Sep 28, 2022 5:13 AM

List Price: $499,000

Orig list price: $499,000

Assoc Fee: $338

Remarks

Taxes: $2,239

School District: Jefferson County R-1

High: Alameda Int'l Middle: Alameda Int'l

Elementary: Lasley

Fabulous opportunity in the Heart of Lakewood! Main floor living with nicely updated kitchen, new appliances, newer washer/dryer, large family room, eat-in kitchen next to dining space, large pantry, gas fireplace, large double-pane windows, separate office/study, vaulted ceiling, newer flooring throughout. Full basement with separate 3/4 bath, bedroom, large work/craft area (with table included), TV room TV included), storage space, Floor Gun Safe (included).

Interior location with 2 car attached garage. Minutes to Belmar Shopping. Priced to sell - no post-closing occupancy necessary.

Rachel Schoonover

Williams Integrity

Rachel Schoonover

Keller Williams

Features

Appliances: Dishwasher, Microwave, Range, Refrigerator

Association Amenities: Clubhouse, Pool, Tennis Court(s)

Association Fee Frequency: Monthly

Association Fee Includes: Exterior Maintenance w/out Roof, Maintenance Grounds, Sewer, Trash, Water

Association Name: Sunpointe At Lakewood Estate Condos

Association Phone: 303-984 4926

Association Yn: true

Basement: Finished, Partial Common Walls: End Unit Construction Materials: Wood Siding

Cooling: Central Air Electric: 110V, 220 Volts

Exterior Features: Balcony

Heating: Forced Air

Interior Features: Ceiling Fan(s), High Ceilings, Open Floorplan, Smoke Free, Tile Counters

5844 W Atlantic Place

Levels: Two

Listing Terms: Cash, Conventional, FHA, Other

Living Area Total: 1513

Main Level Bathrooms: 1

Parking Total: 2 Patio And Porch: Front Porch

Road Surface Type: Paved Roof: Composition Security Features: Smoke Detector(s)

Senior Community Yn: false

Sewer: Public Sewer

Details

Prop Type: Condominium

County: Jefferson

Subdivision: Sunpointe At Lakewood Estate Condos

Full baths: 1 0

3/4 Baths: 1 0

Half baths: 1.0

Lot Size (sqft):

Garages: 2

List date: 9/2/22

Pending date: 9/7/22

Off-market date: 9/7/22

Updated: Sep 7, 2022 3:30 PM

List Price: $415,000

Orig list price: $415,000

Assoc Fee: $354

Structure Type: Low Rise (1-3)

Tax Legal Description: SECTION 25 TOWNSHIP 04 RANGE 69 QTR NE SUBDIVISIONCD 730400 SUBDIVISIONNAME SUNPOINTE AT LAKEWOOD EST CONDOS #II PH 1A BLOCK 018 LOT 0101 TRACT

Tax Year: 2021

Taxes: $1,818

School District: Jefferson County R-1

High: Alameda Int'l Middle: Alameda Int'l Elementary: Lasley

Rachel Schoonover Keller Williams Integrity

Remarks

This is what you have been waiting for!! Two bedroom, three bathroom end unit with attached two car garage. Beautiful wood floors throughout the main level with a open floor plan. Upstairs you will find a master bedroom one additional bedroom and two bathrooms. Living room is spacious and features a fireplace. There is also a private front porch to enjoy with family and friends. Property is adjacent to community pool and tennis courts. Schedule you showings today !!! https://capturecoloradohomes.gofullframe.com/bt/5844_W_Atlantic_Pl.html

Rachel Schoonover Keller Williams Integrity

Rachel Schoonover

Keller Williams Integrity

Photo not available

Features

Concessions: No

Living Area Total: 1048

Parking Total: 2

Structure Type: Low Rise (1-3)

Tax Legal Description: SECTION 25 TOWNSHIP 04 RANGE 69 QTR N2 SUBDIVISIONCD 730200 SUBDIVISIONNAME SUNPOINTE AT LAKEWOOD EST CONDOS #I PH 2 BLOCK 009 LOT 0203 TRACT

Lakewood, CO

Details

Prop Type: Condominium County: Jefferson Subdivision: Sunpointe

Remarks

No Description for this

Lot Size (sqft):

Garages: 1 Off-market date: 9/1/22

Tax Year: 2021

Rachel

Updated: Sep 6, 2022 3:11 AM Assoc Fee: $374

Taxes: $1,591

9/1/22

Comparable Home MLS #1689225 5755 W Atlantic Place 203 Williams

Features

Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven, Range, Refrigerator, Washer

Association Amenities: Clubhouse, Parking, Pool, Spa/Hot Tub, Tennis Court(s)

Association Fee Frequency: Monthly

Association Fee Includes: Capital Reserves, Insurance, Irrigation Water, Maintenance Grounds, Maintenance Structure, Recycling, Road Maintenance, Sewer, Snow Removal, Trash, Water

Association Name: Sunpointe II

Association Phone: 303-984 4926

Association Yn: true Basement: Bath/Stubbed, Daylight, Finished, Interior Entry/Standard

Builder Model: Cute Home!!!

Building Area Source: Public Records

Building Name: Sunpointe II

Concessions: No Construction Materials: Frame, Wood Siding

Cooling: Central Air

Distance To Bus Numeric: 1

Distance To Bus Units: Minutes

Entry Level: 1

Exterior Features: Balcony, Lighting, Tennis Court(s), Water Feature

Flooring: Carpet, Tile

Furnished: Unfurnished

Heating: Forced Air

Interior Features: Ceiling Fan(s), High Ceilings, High Speed Internet, Jack & Jill

Bath, Kitchen Island, Open Floorplan, Smoke Free, Vaulted Ceiling(s)

Laundry Features: In Unit, Laundry Closet Levels: Two

Rachel Schoonover

Williams Integrity

5882 W Asbury Place

Listing Terms: Cash, Conventional, FHA, VA Loan

Living Area Total: 1791

Lot Features: Landscaped, Master Planned, Near Public Transit, Sprinklers In Front

Main Level Bathrooms: 1

Number Of Units Total: 4

Parking Features: Exterior Access Door, Lighted, Oversized, Storage

Parking Total: 2

Patio And Porch: Front Porch, Patio

Pets Allowed: Cats OK, Dogs OK

Pool Features: Outdoor Pool

Road Surface Type: Paved Roof: Composition, Simulated Shake

Security Features: Carbon Monoxide Detector(s), Secured Garage/Parking, Smoke Detector(s)

Senior Community Yn: false

Sewer: Community Structure Type: Townhouse Tax Legal Description: SECTION 25 TOWNSHIP 04 RANGE 69 QTR NE SUBDIVISIONCD 731150 SUBDIVISIONNAME SUNPOINTE AT LAKEWOOD EST CONDOS #II PH 23 BLOCK 032 LOT 0102 TRACT

Tax Year: 2021

Utilities: Cable Available, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected Virtual Tour: View

Window Features: Double Pane Windows, Window Coverings, Window Treatments

Details

Prop Type: Condominium County: Jefferson Subdivision: Sunpointe

Style: Contemporary,Mountain Contemporary

Full baths: 2.0

Remarks

Half baths: 1 0

Lot Size (sqft): 915

Garages: 2

List date: 7/7/22

Sold date: 8/8/22

Off-market date: 7/17/22

Updated: Aug 10, 2022 2:37 PM

List Price: $475,000

Orig list price: $475,000 Assoc Fee: $340 Taxes: $2,023

School District: Jefferson County R-1

High: Alameda Int'l Middle: Alameda Int'l Elementary: Lasley

Stunning Lakewood Townhome*The Whole Package!*Close to a Gorgeous Clubhouse Adorned with a Waterfall, Pool and Tennis Court*Tranquil & Spa Like Listening to the Waterfall*A Perfect Combination of Exquisite Design, Incredible Layout and Outstanding Location*Located So Close to So Much*THE Home Features Three Bedrooms & Three Baths, Fabulous Living Area with Soaring Ceilings Open to the Kitchen, Bright & Cozy Finishes Throughout*Freshly Painted*Huge 2 Car Garage (Fits 2 LARGE CARS with Extra Storage)*Beautiful & Impeccably Maintained Community*Community is FHA/VA Approved, Healthy HOA :)*Storage Galore*Great Front Porch to Enjoy in the Evenings*Tons of Guest Parking*Perfectly Situated, Easy Access to Denver & The Mountains*Easy Access to Belmar Shopping (Whole Foods, Nordstrom Rack, Best Buy), Several Restaurants, Shops, Light Rail, Harvey Park, Sloans Lake*Search No More! This Home Will Not Disappoint!

Rachel Schoonover Keller Williams Integrity

Rachel Schoonover

Keller Williams

Features

Appliances: Dishwasher, Disposal, Gas Water Heater, Microwave, Oven, Refrigerator

Association Fee Frequency: Monthly

Association Fee Includes: Maintenance Grounds, Sewer, Snow Removal

Association Name: Sunpointe

Association Phone: 303-984 4926

Association Yn: true

Basement: Finished

Building Area Source: Public Records

Details

Prop Type: Condominium

County: Jefferson

Subdivision: Sunpointe

Style: Contemporary

Full baths: 1 0

3/4 Baths: 2.0

Concessions: No

Construction Materials: Frame

Cooling: Central Air

Direction Faces: West Electric: 220 Volts

Fireplace Features: Electric Fireplaces Total: 1

Flooring: Carpet

Heating: Forced Air

Interior Features: Laminate Counters, Primary Suite, Vaulted Ceiling(s)

Levels: Two

Listing Terms: Cash, Conventional, FHA, VA Loan

5897 W Atlantic Place

Living Area Total: 2097

Main Level Bathrooms: 2

Main Level Bedrooms: 3

Parking Total: 2

Patio And Porch: Patio

Pool Features: Outdoor Pool Road Frontage Type: Public Road

Road Responsibility: Public Maintained Road

Roof: Composition

Senior Community Yn: false

Sewer: Public Sewer

Structure Type: Townhouse

Tax Legal Description:

SECTION 25 TOWNSHIP 04

RANGE 69 QTR NE SUBDIVISIONCD 730400 SUBDIVISIONNAME SUNPOINTE AT LAKEWOOD EST CONDOS #II PH 1A BLOCK 001 LOT 0106 TRACT

Tax Year: 2021

Utilities: Cable Available, Electricity Connected, Natural Gas Connected

Virtual Tour: View Window Features: Double Pane Windows

Zoning: PUB

Half baths: 1.0

Lot Size (sqft): 1,263

Garages: 2

List date: 9/1/22

Sold date: 9/27/22

Off-market date: 9/7/22

Updated: Sep 27, 2022 8:21

AM

List Price: $509,000

Orig list price: $509,000

Assoc Fee: $337 Taxes: $1,374

School District: Jefferson County R-1

High: Alameda Int'l Middle: Alameda Int'l Elementary: Lasley

Rachel Schoonover Keller Williams Integrity

Remarks

Check out this centrally located townhome in the Sunpointe community! Upon entry you are greeted by 20-foot vaulted ceilings and a wall of windows that fill the home with natural light. There is a newer electric fireplace to cozy up to and you have great options for sleeping quarters with two primary bedrooms with ensuite baths, one on the main level and one upstairs. The home includes a newer furnace and hot water heater, a private patio, a full finished basement, and an attached two car garage. The community pool is a short walk away and with the great central location you are just a 15 minute drive to downtown and 15 minute drive to the mountains.

Rachel Schoonover Keller Williams Integrity

Rachel Schoonover

Keller Williams

Comparable Property Statistics

A 3 Active Listings

LOWEST $349,000

P 1 Pending Listings

AVERAGE $410,666

HIGH $499,000

AVG PRICE / SQFT $307 AVG DOM 19

LOWEST $415,000

S 3 Sold Listings

LOWEST $345,000

AVERAGE $415,000

HIGH $415,000

AVG PRICE / SQFT $274 AVG DOM 5

Rachel

AVERAGE $435,666

HIGH $487,000

AVG PRICE / SQFT $276 AVG DOM 6

Sold Property Analysis

Averages 88.6%

Homes sold for an average of 88 6% of their list price.

Analysis

ADDRESS

Days on market

It took an average of 6 days for a home to sell.

ORIG LIST PRICE SOLD PRICE

% OF ORIG LIST PRICE DOM $ PER SQFT

5755 W Atlantic Place 203 $345,000 $329 5882 W Asbury Place $475,000 $475,000 10000% 7 $265 5897 W Atlantic Place $509,000 $487,000 95.68% 6 $232

Averages $492,000 $435,666 88.55% 6 $276

Rachel Schoonover

Williams Integrity

Summary of Comparable Properties

A ACTIVE LISTINGS

ADDRESS SOLD DATE BEDS BATHS SQFT PRICE $/SQ.FT

5765 W Atlantic Place 303 2 2.00 1,048 $349,000 $333

5755 W Atlantic Place 104 2 2.00 1,048 $384,000 $366

5768 W Asbury Place 3 300 2,248 $499,000 $222

Averages 1,448 $410,666 $307

P PENDING LISTINGS

ADDRESS SOLD DATE BEDS BATHS SQFT PRICE $/SQ.FT

5844 W Atlantic Place 2 300 1,513 $415,000 $274

Averages 1,513 $415,000 $274

S SOLD LISTINGS

ADDRESS SOLD DATE BEDS BATHS SQFT PRICE $/SQ.FT

5755 W Atlantic Place 203 9/1/22 2 2.00 1,048 $345,000 $329 5882 W Asbury Place 8/8/22 3 300 1,791 $475,000 $265

5897 W Atlantic Place 9/27/22 3 4.00 2,097 $487,000 $232

Averages 1,645 $435,666 $276

Rachel Schoonover

Williams Integrity

INTELLIGENT

PRICING & TIMING

Pricing a home for sale is as much art as science, but there are a few truisms that never change.

☐ Fair market value attracts buyers, overpricing never does.

☐ The first two weeks of marketing are crucial.

☐ The market never lies, but it can change its mind.

ASKING PRICE

+15%

+10%

Market Value

-10% -15%

PERCENTAGE OF BUYERS

at 10% 30% 60% 75% 90%

Fair market value is what a willing buyer and a willing seller agree by contract is a fair price for the home. Values can be impacted by a wide range of reasons but the two largest are location and condition. Generally, fair market value can be determined by comparables - other similar homes that have sold or are currently for sale in the same area.

Sellers often view their homes as special which tempts them to put a higher price on the home, believing they can always come down later, but that’s a serious mistake.

Overpricing prevents the very buyers who are eligible to buy the home from ever seeing it. Most buyers shop by price range, and look for the best value in that range.

Keller Williams Integrity

ACTIVITY

1 2 3 4

TIME ON MARKET (IN WEEKS)

Your best chance of selling your home is in the first two weeks of marketing. Your home is fresh and exciting to buyers and to their agents.

With a sign in the yard, a description in the local Multiple Listing Service, distribution across the internet, open houses, broker’s caravan, ads, and email blasts to your listing agent’s buyers, your home will get the greatest flurry of attention and interest in the first two weeks.

If you don’t get many showings or offers, you’ve probably overpriced your home, and it’s not comparing well to the competition. Since you can’t change the location, you’ll have to improve the home’s condition or lower the price.

Consult with your agent and ask for feedback. Perhaps you can do a little more to spruce up your home’s curb appeal, or perhaps stage the interior to better advantage.

The market can always change its mind and give your home another chance, but by then you’ve lost precious time and perhaps allowed a stigma to cloud your home’s value.

Intelligent pricing isn’t about getting the most for your home – it’s about getting your home sold quickly at fair market value.

at Keller Williams Integrity

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